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style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:504.00pt"><tr><td style="width:1.0pt"></td><td style="width:25.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:59.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:54.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:18.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:59.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:51.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:54.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:40.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">Value of initial fixed $100 investment based on:</td><td colspan="3" style="border-left:0.5pt dotted #d52b1e;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:60pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Year1</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Summary Compensation Table Total for PEO2</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Compensation Actually Paid to PEO3</div></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Summary Compensation Table Total for Non-PEO NEOs4</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Compensation Actually Paid to Non-PEO NEOs3</div></td><td colspan="3" style="border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Total Shareholder Return5</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Peer Group Total Shareholder Return5</div></td><td colspan="3" style="border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Net Income ($ millions)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Company Selected Measure (CSM) –Adjusted Non-GAAP EPS6</div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$26,565,732</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$120,865,280</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$7,836,611</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt">7</div></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$27,249,897 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$470.13</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$132.57</td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$5,240</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$10.42</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$21,398,135</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$64,088,705</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top">$5,769,810</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt">8</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$13,893,269 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$292.18</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$133.61</td><td colspan="3" style="background-color:#ffffff;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$6,245</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$8.84</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:top">$21,509,985</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:top">$75,705,116</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:right;vertical-align:top">$4,730,690</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt">9</div></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$4,563,545 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$217.66</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:top">$121.90</td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$5,582</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:top">$8.25</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2020</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$23,708,629</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$51,253,831</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$6,787,934</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt">10</div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$10,732,708 </td><td style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$131.06</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$102.07</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$6,194</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$6.89</td></tr></table></div> 26565732 120865280 7836611 27249897 470.13 132.57

5240000000

10.42 21398135 64088705 5769810 13893269 292.18 133.61

6245000000

8.84 21509985 75705116 4730690 4563545 217.66 121.90

5582000000

8.25 23708629 51253831 6787934 10732708 131.06 102.07

6194000000

6.89 All calculations for the PEO Compensation Actually Paid (CAP) and for Average Non-PEO NEO CAP do not reflect the actual amount of compensation earned by or paid to our NEOs. The amounts are based on valuation assumptions required by the SEC under Item 402(v) of Regulation S-K. The value actually realized from unvested awards, if any, will be determined when the award fully vest and settle. The company’s TSR and the company’s peer group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K.For pay versus performance analysis, adjusted non-GAAP EPS is consistent with the adjusted non-GAAP EPS values for performance awards in <a href="#i2e2d2c2e3296499cb6c6b82a132e198c_583" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">Appendix A, “Summary of Adjustments Related to the Annual Cash Bonus and Performance Award</a>.”<div style="margin-bottom:9pt">The Talent and Compensation Committee believes in pay for performance and has structured the Lilly compensation programs to reward leaders when the company is delivering strong results. Lilly has had strong cumulative TSR, EPS and revenue growth over the immediately preceding four-year period. As a result of this strong performance, shareholders have been rewarded with significant total stock returns and leadership has been rewarded with above target payouts from their incentive compensation programs.</div> Mr. Ricks was the PEO for each year represented in the table.The average CAP for 2023 comprised compensation for Ms. Ashkenazi, Dr. Skovronsky, Ms. Hakim and Mr. Van Naarden.The average CAP for 2022 comprised compensation for Ms. Ashkenazi, Dr. Skovronsky, Ms. Hakim and Mr. Jonsson.The average CAP for 2021 comprised compensation for Ms. Ashkenazi, Dr. Skovronsky, Mr. Van Naarden, Mr. Rau, and Mr. Smiley. Ms. Ashkenazi succeeded Mr. Smiley as CFO on February 9, 2021 when Mr. Smiley resigned his position.The average CAP for 2020 comprised compensation for Mr. Smiley, Dr. Skovronsky, Ms. Hakim and Mr. Zulueta. Mr. Ricks The PEO Summary Compensation Table (SCT) to compensation actually paid reconciliation is summarized in the following table.<div style="margin-bottom:3pt;padding-left:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:494.25pt"><tr><td style="width:1.0pt"></td><td style="width:22.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:42pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">SCT Total Compensation for PEO</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">SCT Change in Pension Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Pension Service Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">SCT Equity Value</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">Change in Value: Equity Granted in Current Year</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">Change in Value: Unvested Equity</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">Final Value: Vested Equity</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Compensation Actually Paid to PEO</div></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">a</td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">b</td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">c</td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">d</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">e</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">f</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">g</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">a-b+c-d+e+f+g</td></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$26,565,732</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$1,439,822</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$491,959</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$18,840,250</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$20,443,264</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$36,659,046</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$56,985,351</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$120,865,280</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:bottom">2022</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$21,398,135</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$0</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$623,346</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$16,981,250</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$10,443,998</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$(2,718,134)</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$51,322,610</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$64,088,705</td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$21,509,985</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$2,442,235</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$680,872</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$14,966,000</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$3,627,520</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$17,758,456</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$49,536,518</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$75,705,116</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">2020</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$23,708,629</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$5,883,924</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$660,302</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$13,587,500</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,409,485</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$(7,739,531)</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$49,686,370</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$51,253,831</td></tr></table></div> 26565732 1439822 491959 18840250 20443264 36659046 56985351 120865280 21398135 0 623346 16981250 10443998 -2718134 51322610 64088705 21509985 2442235 680872 14966000 3627520 17758456 49536518 75705116 23708629 5883924 660302 13587500 4409485 -7739531 49686370 51253831 In calculating the ‘compensation actually paid’ amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The assumptions used to calculate the fair values did not materially differ from what was used at the time of grant. The Non-PEO NEO Summary Compensation Table (SCT) to compensation actually paid reconciliation is summarized in the following table, including the shift in pension from change in pension value to pension service cost, and the summary compensation table equity amount to the change in value for equity:<div style="margin-bottom:3pt;padding-left:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:494.25pt"><tr><td style="width:1.0pt"></td><td style="width:22.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:51pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average SCT Total Compensation for Non-PEO NEOs</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average SCT Change in Pension Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Pension Service Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average SCT Equity Value</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Change in Value: Equity Granted in Current Year</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Change in Value: Unvested Equity</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Final Value: Vested Equity</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Compensation Actually Paid to Non-PEO NEOs</td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">a</td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">b</td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">c</td><td colspan="3" style="border-top:0.5pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">d</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">e</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">f</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">g</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">a-b+c-d+e+f+g</td></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$7,836,611</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$455,154</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$159,626</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,387,275</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$5,693,252</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$9,514,261</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$8,888,576</td><td colspan="3" style="border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$27,249,897</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:bottom">2022</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$5,769,810</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$93,171</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$185,293</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$3,553,000</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,494,818</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$1,188,603</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$7,900,916</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$13,893,269</td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$4,730,690</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$159,911</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$135,445</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$3,115,360</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$1,276,786</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$861,413</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$834,482</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$4,563,545</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">2020</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$6,787,934</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$1,448,154</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$187,254</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$3,665,898</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,289,092</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$(505,850)</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$7,088,331</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:bottom">$10,732,708</td></tr></table></div> 7836611 455154 159626 4387275 5693252 9514261 8888576 27249897 5769810 93171 185293 3553000 2494818 1188603 7900916 13893269 4730690 159911 135445 3115360 1276786 861413 834482 4563545 6787934 1448154 187254 3665898 2289092 -505850 7088331 10732708 The peer group used for calculating Peer Group Total Shareholder Return for each applicable fiscal year is the same peer group that was used by the company for benchmarking compensation, setting the growth goals for the performance award and for determining relative total shareholder return performance for the relative value award for the 2023 fiscal year. adjusted non-GAAP EPS <div style="margin-bottom:9pt;text-indent:150.48pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:201.75pt"><tr><td style="width:1.0pt"></td><td style="width:199.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">Most Important Performance Measures</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Adjusted non-GAAP EPS1</div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Shareholder Return</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Revenue</td></tr></table></div> Adjusted non-GAAP EPS Total Shareholder Return Revenue For pay versus performance analysis, adjusted non-GAAP EPS is consistent with the adjusted non-GAAP EPS values for performance awards in <a href="#i2e2d2c2e3296499cb6c6b82a132e198c_583" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">Appendix A, “Summary of Adjustments Related to the Annual Cash Bonus and Performance Award.</a>” Over the immediately preceding four-year period, the company’s total shareholder return (TSR) significantly exceeded the peer group’s TSR. The company’s chosen peer group is the same as the group used for benchmarking compensation, setting growth goals for the performance award and for determining relative TSR performance for the relative value award. <div>Lilly’s relative TSR outperformance was substantially attributable to strong developments in our product pipeline and launches of new products and indications. As reflected in the chart below, this outperformance was a significant contributor to the PEO and non-PEOs’ compensation over the four-year period. While the PEO CAP grew with each successive year of TSR outperformance, the highest growth occurred during 2023 when Lilly’s TSR was 61 percent compared to -1 percent for the peer group. Non-PEO average CAP was impacted by the shifting of non-PEO membership and the cancellation of compensation for the company's former CFO, who departed during the 2021 reporting year.</div><div style="margin-bottom:9pt"><img alt="PVP Total Shareholder Return.jpg" src="lly-20240322_g96.jpg" style="height:353px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:9pt">Lilly does not currently utilize GAAP or non-GAAP net income as a metric in any of its incentive programs. Generally, CAP is not heavily correlated with GAAP net income because GAAP net income includes certain items that the Talent and Compensation Committee believes are not reflective of the underlying performance of the business. By excluding the impact of (i) amortization of intangible assets primarily associated with costs of marketed products acquired or licensed from third parties, (ii) net losses or gains on investments in equity securities, and (iii) other specified items that are not reflective of underlying business performance, the Talent and Compensation Committee believes non-GAAP net income better represents the operating performance of the company. For comparison purposes, the graph below reflects both GAAP net income and non-GAAP net income against PEO and average NEO CAP. The 2023 GAAP and non-GAAP net income results include significantly higher acquired IPR&D charges compared to prior years. While immediately expensed for accounting purposes, the company views investments in acquired IPR&D as important contributions to its pipeline of product candidates which is a key driver of the company’s future performance. For additional information on non-GAAP financial metrics, see<a href="#i2e2d2c2e3296499cb6c6b82a132e198c_583" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"> Appendix A, “Summary of Adjustments Related to the Annual Cash Bonus and Performance Award</a>.”</div><div style="margin-bottom:6pt"><img alt="PVP GAAP and Non-GAAP Net Income.jpg" src="lly-20240322_g97.jpg" style="height:293px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div><div>* GAAP net income and non-GAAP net income are discrete outcomes. GAAP Net Income and non-GAAP Net Income figures shown in the graphic above both include acquired IPR&D charges, net of taxes, as follows: $680.3 million in 2020, $785.5 million in 2021, $813.2 million in 2022, and $3.70 billion in 2023.</div> <div style="margin-bottom:9pt">Lilly has chosen adjusted non-GAAP EPS as its most important CSM. Lilly leverages annual non-GAAP EPS derived from the board-approved business plan to set targets for the Lilly bonus. Additionally, Lilly uses a non-GAAP EPS derived from the median external analyst anticipated two-year non-GAAP EPS growth for our peer group to set our growth goal for our performance award. While these two approaches differ in performance period duration and source of performance comparison, significant sustained profitability growth can contribute to higher total CAP as seen in the graphic below. For additional information on non-GAAP financial metrics, see <a href="#i2e2d2c2e3296499cb6c6b82a132e198c_583" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Appendix A, “Summary of Adjustments Related to the Annual Cash Bonus and Performance Award</a>.”</div><div style="margin-bottom:9pt"><img alt="PVP Adjusted non-GAAP EPS.jpg" src="lly-20240322_g98.jpg" style="height:299px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div>* Adjusted non-GAAP EPS data points are discrete outcomes. <div style="margin-bottom:9pt">Lilly strives to make breakthrough medicines available to patients around the globe. Given a growing portfolio of new medicines, we motivate our entire workforce to reach as many patients as possible. The combination of a strong product portfolio and effective patient delivery yields higher sales volume and, generally, higher total revenue. A decline in product portfolio quality or effective launch execution reduces revenue. As such, revenue is one of our most important measures to ensure we are consistently growing the number of patients we serve. Our revenue curve over the preceding four-year period aligns with the growth in PEO and average non-PEO CAP. </div><div style="margin-bottom:9pt"><img alt="PVP Revenue.jpg" src="lly-20240322_g99.jpg" style="height:326px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div>* Revenue data points are discrete outcomes.